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post office review
i have read a number of post office mortgage reviews on here. However, they seem to be dated. They are also negative. i am planning to take a five year fix with them. I would rather choose a more established bank like hsbc or Santander or nationwide. However, the post office is cheaper over five tears and i will pay off…
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Incorrect Mortgage in principle
Hi everyone, I'm just looking for some advice. I'm a first time buyer and I made an appointment to see a Mortgage Advisor at my bank HSBC. I handed them all my information pay slips and P60 and they in principle said I was able to borrow £144k plus my deposit. So armed with this information I've been looking at houses at…
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Interest Only Mortgage - overpayments or not?
Some help/advice required please. I have a Santander Interest only mortgage (originally Alliance and Liecester) currently on an svr of 4.99%. I cannot afford to re-mortgage as the house is in negative equity and I do not have any capital as yet to put in but hopefully will do in about 12 months time. The original mortgage…
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Remortgaging for additional funds to invest
Hi We took out a 5 year fix 3 years ago at 5% and I have noticed that rates have fallen to around 4% now. I have ran the maths and it makes sense to remortgage to get a better deal. Our mortgage is currently £150k but i know we can get a mortgage of £187,500 due to recent house price rises in our area. I want to extract…
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How to find if an endowment ever existed?
Hi, My dear auntie died in June 2009. She was 91 years old and, despite successful surgery for a hysterectomy, she contacted MRSA whilst in hospital and her death was a bitter blow to us all. Whilst in hospital, she mentioned an endowment policy but, because we loved her dearly and fully expected she would return home, we…
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Bad credit
Hi all, I'm hoping someone might be able to give me some advice. My fixed term ended a couple of years ago and now I'm on a variable rate. We've had some debt problems, and now we're on a Debt Management Plan to try and pay everything off. Because of this, my credit rating is appauling and I wont be able to get credit for…
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Do i need a Mortgage?
Hi everyone, I am a first time buyer and intend to buy a house in the near future in the region of £125,000. I currently have £115,000 saved as a deposit and would be looking to make the rest up with a small mortgage. Can I ask is it worth having a mortgage for this amount or should I take out a loan instead? Thanks for…
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Can stamp duty be added to HTB 95% mortgage?
Quick question: can stamp duty land tax be added to a Help to Buy 95% mortgage (on the mortgage guarantee scheme)? The reason I ask is that my wife and I are looking to buy in London which means that the stamp duty will 3% and almost be as much as the deposit, approximately £12,000. Obviously this is going to take us a lot…
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Changing mortgage
Our statement came through in January for the mortgage saying we now owe £100,000.our loan to value has now gone to 80% valued at £125,000.we are with the Leeds building society.we are on a variable rate paying £752 a month.ive been doing my homework & with the loan to value coming down to 80% I'm sure we can get a better…
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House details change
Hi folks,new to the site,so go easy on me.i need some advice on what to do for legal reasons.me,my wife live in a house & a mate of mine lives with us.i bought into the house 5 years ago.it was just me & my mate then.my mate wants out,so have come to a deal to buy him out(good old mum for the cash)now I know I will have to…
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Got a wrong type of mortgage. What should we do?
We bought a second house by taking a standard mortgage against our first house. We planned to rent out the first house and move into the second one, as it is in a better area. You must know by now that we should not have done so. But our mortgage broker said this would be the best way to get a mortgage quickly. We did not…
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mis-sold ISA mortgage?
Hi, I believe we were mis-sold a previous mortgage. However it started 14 years ago and we closed it 10years ago. Are there time scales? I know who the mortgage was with but not the name of the financial advisor..do I have any chance whatsoever?
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Transfer mortgage from sister to brother?
Is it possible to transfer a mortgage from one person to another? My sister has a property worth £120k of which £90k is left on the mortgage. She hasn't lived there for a few years, and I live there with my girlfriend now. I pay the mortgage direct to the lender, rather than pay her rent. She wants to walk away from the…
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Gifting house from Parent
I hope this is a straightforward question and I include all information needed. I live with my mum and my son in her house, mortgage passed to her on my dads death a few years ago. Mum is now 71 and I have heard about gifting the house to me, I am in a DMP and all defaults are due to drop off my file in the next year or…
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How do you comnpare mortgages?
I have three mortgage key facts statements (no credit check), two of which I found on Money Supermarket and the other is a well known high street bank were I have a current account. I have approach a mortgage adviser (intermediary) who was unable to find a better deal. I compared the mortgages by simply looking for the…
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Nationwide "borrow back" - won't give me my money without telephone assessment
We have had our Nationwide mortgage for many years. Under its terms you can overpay without penalty and also "borrow back" that overpayment at any time. I have a £50k overpayment pot against the mortgage and have drawn on it a couple of times. I have recently requested £2.5k of my £50k by writing to them with both our…
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mortgage on council home
hi ive been in my old concil house for 20 years paying rent but now it seems it will be cheaper to buy,perhaps better late than never lol, so i will get a 50% discount est 60k off but the trouble is im self employed and dont earn much money,although have managed to pay full rent, so would need a self cert mortgage who is…
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Can my wife arrange the Mortgage Approval whilst I am away?
I work away for 1 month at a time and we need to get in to see Nationwide about increasing our existing mortgage. Would my wife be able to do the application with the Bank whilst I am away? Enough to see the application to where we can put offers in on houses?
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Property buyout and change of deeds
Hi, Im new to the forum but not to the site I am looking for some advice around the process for property buyouts and deed transfer. my ex is buying me out of a joint owned property. We have almost agreed on the amount for her to buy me out but I wanted to understand whether we need to involve a solicitor for official…
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2 mortgages but 1 property
Hi, I'm looking at juggling some mortgages about but not sure how to do it. Basically the property I have has 2 mortgages on it, both with C&G. I'm looking at paying one off(less than £6k) then taking further borrowing. Problem is their rate for more borrowing is through the roof(5.89%) Would it be possible to pay the…
